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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 126,860 $ 142,148
Restricted cash 1,213 1,213
Short-term marketable securities 122,493 165,430
Prepaid expenses and other current assets 4,300 5,264
Total current assets 254,866 314,055
Property and equipment, net 982 1,140
Operating lease right-of-use assets 900 1,777
Total assets 256,748 316,972
Current liabilities:    
Accounts payable 1,052 3,307
Accrued liabilities 26,272 24,593
Early exercise liability, current portion 122 133
Operating lease liabilities, current portion 938 1,853
Total current liabilities 28,384 29,886
Early exercise liability, net of current portion   22
Total liabilities 28,384 29,908
Commitments and contingencies
Stockholders' equity (deficit):    
Common stock 16 16
Additional paid-in capital 1,243,564 1,234,207
Accumulated other comprehensive (gain) loss (3) 62
Accumulated deficit (1,015,213) (947,221)
Total stockholders' equity 228,364 287,064
Total liabilities and stockholders' equity $ 256,748 $ 316,972